Mortality and the Business Cycle: Evidence from Individual and Aggregated Data
26 Pages Posted: 5 Jun 2017
There has been much interest recently in the relationship between economic conditions and mortality, with some studies showing that mortality is pro-cyclical whereas others find the opposite. Some suggest that the aggregation level of analysis (e.g. individual vs. regional) matters. We use both individual and aggregated data on a sample of 20-64 year-old Swedish men from 1993 to 2007. Our results show that the association between the business cycle and mortality does not depend on the level of analysis: the sign and magnitude of the parameter estimates are similar at the individual level and the aggregate (county) level; both showing pro-cyclical mortality.
Keywords: unemployment, health, recession, death, income, aggregation
JEL Classification: E3, I1, I12
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